8:00 pm: Jemison’s two-way contract is official, according to NBA.com’s transaction log. 10:21 am: Free agent center Trey Jemison has agreed to terms on a two-way contract with the Raptors, league sources tell NBA insider Chris Haynes (Twitter link). The Knicks opted not to tender Jemison a qualifying offer in June, so he became an unrestricted free agent when his contract with the team expired. Since Jemison has three years of NBA service under his belt, this will be the last season that he’s eligible for a two-way contract, meaning his deal with Toronto will cover just a single season. He’ll be eligible for restricted free agency next summer if he finishes the season on his two-way contract and isn’t waived or promoted before then.